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Former Hostess sees negative $7.46 million EBITDA for April 7-May 4
By Caroline Salls
Pittsburgh, June 7 - Old HB, Inc., formerly Hostess Brands, Inc., posted negative $7.46 million in EBITDA for the period of April 7 to May 4 on $363,000 in net revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, the company reported negative $9.21 million of EBITDA for the period of March 10 to April 6 on $439,000 in net revenue.
Old HB also reported $315.52 million of operating income and $332.02 million of net income for the latest period.
For the previous period, the operating loss was $10.22 million, and the net loss was $12.04 million.
The company had $60.02 million of cash on hand as of May 4, up from $34.69 million on April 6.
Hostess Brands, an Irving, Texas-based operator of regional bakeries, filed for bankruptcy on Jan. 11, 2012. Its Chapter 11 case number is 12-22052.
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